Analyst: Bitcoin Could Be Months Away from Setting a New All-Time High
Bitcoin has been flashing signs of immense strength throughout the past few days and weeks, with its recent uptrend holding steady as bulls chip away at its $13,800 resistance Yesterday, the cryptocurrency was able to post its highest monthly candle close ever The technical significance of this cannot be understated, as it shows that bulls are in full control of the cryptocurrency at the moment Unless BTC posts a strong rejection at its current price […]
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After setting a new all-time high (ATH) of $61,699 on March 13, bitcoin dropped to $53,300 on March 23, a decline of more than 14% in just ten days. However, following this latest drop, onchain analyst Willy Woo speculates that another institutional investor could be buying the dip. Strong Hands Accumulating In his tweet on March 23, Woo uses two charts to support his assertion, that the large volumes of coins that are being removed from exchanges, are in fact flowing to ” strong hands with minimal history of selling.” However, it is the involvement of Coinbase, which has....
It’s been a tough past few weeks for the DeFi market, especially for coins like Yearn.finance’s YFI token and the Curve DAO Token. Since setting its all-time high price of $44,000, YFI has corrected by 70%, falling as low as $14,000 earlier today. An analyst that predicted the latest leg of the correction fears that […]
Bitcoin price is trading well above $19,000 and it is the last stop before reaching $20,000 and setting a new all-time high. With no further resistance above the former peak, will the cryptocurrency go fully parabolic and enter price discovery mode starting today? Or will a long-overdue correction unfold with the vast majority of investors […]
Bitcoin price is less than a few hundred dollars away from setting a new all-time high. The closer the top-ranked cryptocurrency gets to its former peak, the more bullish altcoins respond. One crypto analyst has shared a chart that shows what could happen to altcoins when Bitcoin finally does break its all-time high. Ripple, Ethereum, […]
A crypto analyst has disclosed that the Bitcoin price has reached a critical trigger point that could ignite a massive rally. If the cryptocurrency manages to hold above this key threshold, the chances of setting a new all-time high become increasingly likely. Bitcoin Price Faces Resistance On Path To New ATH On March 25, a […]